Women account for 46% of used cars sales in March this year; Kwid, i10 emerge top choice: Spinny
The Thriving Global Market for Used Cars Among the car models, the Renault Kwid, Grand-i10, and Baleno emerged favourite among women buyers aged between 30-40 years. "'Lady Luck' promotion, offered during the month of March, featured exclusive discounts of up to ₹25,000 on car purchases.
We are delighted that nowadays more women are meeting their evolving needs and embracing the second-hand car market," Niraj Singh, CEO and Founder of Spinny said. CarDekho's Rupyy expands horizon: To finance used commercial vehicles in FY25 Spinny sees multiple factors behind the growth in used-car sales among women such as financial prudence, environmental consciousness, and a desire for greater autonomy.
In calendar year 2023, Spinny saw 71% of corporate professionals buying used cars from its platfrom. Compact SUVs remained as the preferred choice for Spinny buyers (both male and female), followed by Hatchbacks and Sedans.
At BMW, first-time buyers take a second hand route Founded in 2015, Spinny has accumulated a customer base of over two lakh so far. Spinny has 40 car hubs and is operational in 22 cities, including Delhi, Gurugram, Noida, Bangalore, Mumbai, Pune, Hyderabad, Chennai, Kolkata, Ahmedabad, Lucknow, Jaipur, Chandigarh, and Indore, among others.
The company offers a 1-year after-sales warranty. The used car market in India has been experiencing robust growth and is projected to jump from 4.6 million units in FY23 to 8 million in FY27, Spinny said.Milestone Alert!
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